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RFI - How Much Of Your 'Wealth' Is Hostage To Bubbles And Impossible Promises?
Cohen & Steers Total Return Realty Fund Inc.
All asset "wealth" in credit-asset bubble dependent economies is contingent and ephemeral.
A funny thing happens to "wealth" in a bubble economy: it only remains "wealth" if the owner sells at the top of the bubble and invests the proceeds in an asset which isn't losing purchasing power.
Transferring "wealth" to another asset bubble that is also deflating doesn't preserve the "wealth" from evaporation.
All the ironclad promises made in bubble economies ultimately depend on credit-asset bubbles never popping - but sadly, all credit-asset bubbles pop. So all the promises - which are of course